J.C. Penney Company, Inc. (NYSE:JCP) has had its debt cut by ratings agency Moody's Corporation (NYSE:MCO) according to a statement from the ratings firm. The retailer's debt is now rated Caa1, which qualifies as Junk under Moody's ratings regime. The move was not an unexpected one as the problems at J.C. Penney have come to a head lately.
When news of research costs tied to new mifid ii regulations was initially leaked, it caused gasps among certain market participants. $455,000 was one opening bid for an entire bank’s... Read More
Guest post by Lawrence A. Cunningham, author of the best-seller, The Essays of Warren Buffett: Lessons for Corporate America, and an upcoming book, Berkshire Beyond Buffett: The Enduring Value of Values The Value... Read More
Property bubble? After three years of cooling, the Chinese property market is heating up once again, and the market’s recent action has attracted plenty of attention across Wall Street. HSBC... Read More
Alibaba plans to take a piece of China’s growing mobile gaming sector by offering its own gaming platform, directly competing with current sector leader Tencent Holdings Ltd (HKG:0700) (OTCMKTS:TCEHY),... Read More
Back in September, I covered a research note from Credit Suisse in which the bank's US Equity Strategy team declared that the buyback binge, labeled as “the engine of... Read More
Apollo Tyres Limited (BOM:500877) shares plunged 25 percent on Thursday amid rising debt concerns over a $2.5 billion deal to buy Cooper Tire & Rubber Company (NYSE:CTB). The deal announced... Read More
As online sales exploded over the Christmas period, some of the UK and Ireland’s biggest ‘brick-and-mortar’ retailers are reeling from lower than expected sales. In particular, Britain’s fourth largest... Read More
It feels like a broken record at this point. December was simply a terrible month for most hedge funds, and we have yet another data set to prove it—as... Read More
Phoenix UK Fund had its fourth best year in 2013, generating a 20.9% return while investing primarily in European shares, according to an investor letter reviewed by ValueWalk. Among the... Read More
Aristides Fund LP was up 1.03% for June, while Aristides Fund QP was up 1.01%. So far this year, the two funds are up 5.11% and 5.22%, respectively. The... Read More
